Description: Suppose you have a small local store in your area where you manufacture goods and sell it to your customers all through the year. Select a particular product for your store (e.g tea/coffee/burger/cakes etc.) and prepare the Master Budget* for the store for the next financial year, i.e., 2022. Prepare a forecasted Income statement and Balance sheet for the year 2022 from your master budget. Also include a small description of your business and manufacturing process in the beginning of the report. *The master budget should include Sales budget (price, quantity and expected cash collection schedule), production budget, Direct Material budget (including expected cash disbursement schedule), Direct Labor budget, MOH budget, Selling and Admin budget and Cash budget

Description: Suppose you have a small local store in your area where you manufacture goods and sell it to your customers all through the year. Select a particular product for your store (e.g tea/coffee/burger/cakes etc.) and prepare the Master Budget* for the store for the next financial year, i.e., 2022. Prepare a forecasted Income statement and Balance sheet for the year 2022 from your master budget. Also include a small description of your business and manufacturing process in the beginning of the report. *The master budget should include Sales budget (price, quantity and expected cash collection schedule), production budget, Direct Material budget (including expected cash disbursement schedule), Direct Labor budget, MOH budget, Selling and Admin budget and Cash budget. Notes: You must NOT go outside for data collection. You have to do the assignment based on your judgement and using the concept from books, slides, google, internet etc. Assignment should be done in MS Excel or MS Word. Not handwritten. Your project should have cover page, title page, table of contents, letter of submission, executive summary (not more than 2 pages), reference, appendix (optional). No limitation of page or words. Description: Suppose you have a small local store in your area where you manufacture goods and sell it to your customers all through the year. Select a particular product for your store (e.g tea/coffee/burger/cakes etc.) and prepare the Master Budget* for the store for the next financial year, i.e., 2022. Prepare a forecasted Income statement and Balance sheet for the year 2022 from your master budget. Also include a small description of your business and manufacturing process in the beginning of the report. *The master budget should include Sales budget (price, quantity and expected cash collection schedule), production budget, Direct Material budget (including expected cash disbursement schedule), Direct Labor budget, MOH budget, Selling and Admin budget and Cash budget. Notes: You must NOT go outside for data collection. You have to do the assignment based on your judgement and using the concept from books, slides, google, internet etc. Assignment should be done in MS Excel or MS Word. Not handwritten. Your project should have cover page, title page, table of contents, letter of submission, executive summary (not more than 2 pages), reference, appendix (optional). No limitation of page or words